Question
Download Solution PDFThe marked price of a ceiling fan is Rs. 4,200 and the shopkeeper allows a discount of 5% on it. If his profit is 14%, then the cost price of the fan is:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
The marked price of a ceiling fan is Rs. 4,200
The shopkeeper allows a discount of 5% on it.
His profit is 14%
Concept used:
Discount percentage = (Discount/market price) × 100
Selling price = market price - discount
Calculation:
He got the discount of ,
⇒ 4200 × 5 / 100 = Rs 210
The selling price is 4200 - 210= Rs 3990
So the cost price will be,
⇒ (100/114) × 3990 = Rs 3500
The cost price will be Rs 3500
Last updated on Jul 21, 2025
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